$60,000+ Boat Prices Don't seem to Bad

[Bill Babler]

I'm a hunter if I can get away in the Fall and I just got a letter telling me there was a Desert Big Horn Sheep Hunt available if I was interested.

This Hunt is in Mexico and the logistics are lic. are probably another 25 hundred, so this to my knowledge is one pricy outing.

10 day hunt cost was $50,000. Extra day rates were 5 Grrr more per day if you did not get your ram in the designated time frame.

You can look at the Ram on the wall, but ya get to play with the boat when ever you want.

[ness]

Just curious Bill, or anybody -- any idea what the terms are like if a guy borrows to buy a boat? How much down, how long to repay, rate?

[balsabee]

Best place I've ever dealt with. They specialize in boats and rvs.... and maybe hunting expeditions if you ask.

http://www.reclending.com/

[Bill Babler]

Ness, the rates of course will involve credit history and ability to repay the loan. There are current loans for as long as 240 months available at 4.99%, and any amount of months from 12 to the 240. Remember however, you are going to get upside down in no time with these long loans. The majority of the payment goes to interest and the value of the boat decreases. Even with an early no penalty payoff, after 2 or 3 years the boat will be worth less than the check you write, to pay it off.

During the boat shows there are usually some very special rates available. I know a year ago Arvest had a Summer boat loan rate of 3.25% I believe it was for up to 84 months, but don't quote me on that.

You can usually get in just about any boat you want for 10 to 15 percent down.

[Muddy Water]

Just curios as to what the insurance would be for a 60-70k boat?

Seems to me that at some point the expense will out way the enjoyment of using the boat....guess that's why I still have my old tracker

[Bill Babler]

Mine is close to 2 grand with my Guide Liability. Both Denny and Champ have new rigs so they would know closer on a non-commercial rig.

[dtrs5kprs]

Runs about $450 (roughly) for an agreed value policy on my Ranger. $45k wouldn't replace it, but it would sure dent a new one.

[ness]

Ness, the rates of course will involve credit history and ability to repay the loan. There are current loans for as long as 240 months available at 4.99%, and any amount of months from 12 to the 240. Remember however, you are going to get upside down in no time with these long loans. The majority of the payment goes to interest and the value of the boat decreases. Even with an early no penalty payoff, after 2 or 3 years the boat will be worth less than the check you write, to pay it off.

During the boat shows there are usually some very special rates available. I know a year ago Arvest had a Summer boat loan rate of 3.25% I believe it was for up to 84 months, but don't quote me on that.

You can usually get in just about any boat you want for 10 to 15 percent down.

Interesting -- I was gonna guess 7 years at 7-8% with 10% down for someone with good credit.

7 years at 3.25%?? Sheesh!! I guarantee you Arvest is buying that paper from the dealer at a discount.

[Muddy Water]

I just find it hard to buy a boat that cost more than my truck, and I drive a Duramax. If I was using it to make a living like you Bill it would be different, at least it would be a tax right off.

[Fish24/7]

I'd never pay 50g's to someone and then have to climb and hike 40+ miles in a week,, no way,i'm just too fat,lol

if i ever go to mexico it will be on a fishing trip for big bass

a 2015 Triton 22 trx with a 300 verado pro

msrp $102,895.00